By Mark Prigg for MailOnline Instagram has launched a new video app it is claimed can recreate a $15,000 image stabilising camera with a smartphone. The app, called hyperlapse, allows people to easily create timelapse videos. It allows users to automatically stabilise their video, and choose what speed the timelapse is played back at. Scroll down for video The app can be downloaded to iOS or android handsets for free. The app can be downloaded to iOS handsets for free. Users don’t need an Instagram account to create a hyperlapse. Instead, users open the app and are taken straight to the camera.

'Since launching nearly four years ago, it has always been a priority to bring the

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